WATCH | President Obama Addresses 'Fiscal Cliff'

Friday, November 09, 2012

President Obama on Election Night 2012. (Getty)

At 1 p.m. Friday afternoon, President Obama will make his first comments on economic policy since the election. The president is expected to address the "fiscal cliff" the nation will face in January.

House Speaker John Boehner, a Republican, also spoke about the economy Friday morning as both sides prepare to negotiate. Boehner avoided giving details on what kind of entitlement reform his party wanted to see, but stressed that tax increases should be off the table.

Boehner and Obama hope to avoid sequestration, which involves large spending cuts to government programs across the board in proportion to their current budgets. Medicaid and Social Security, however, are shielded from these cuts.

Sequestration is scheduled to happen automatically in January 2013 as a result of the debt ceiling compromise agreed upon by Republicans and Democrats in the summer of 2011.

Watch President Obama's speech here:


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


About It's A Free Country ®

Archive of It's A Free Country articles and posts. Visit the It's A Free Country Home Page for lots more.

Supported by

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public.  Learn more at


Supported by